Oil markets lost steam on Tuesday as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).
Warburg Pincus LLC is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-largest economy, sources told Reuters.
Nissan Motor Co’s shares fell more than 6 percent on Tuesday as Chairman Carlos Ghosn’s arrest a day earlier sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance.
Boeing Co plans to hold a conference call with airlines on Tuesday morning to discuss systems on the 737 MAX model that crashed in Indonesia last month, according to four sources with familiar with the matter.
Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).
Bitcoin has found a support at $4,795. It may hover above this level or bounce toward a resistance at $5,151.
Jeju Air Co Ltd , South Korea’s biggest low-cost carrier, purchased 40 Boeing 737 Max 8 planes worth $4.4 billion, the airline said on Tuesday.
Oil prices were held in check on Tuesday as expectations of an OPEC-led supply cut supported the market but were countered by a deteriorating economic outlook, as well as a surge in U.S. production.
Japan’s Nikkei fell on Tuesday morning as a drop in Nasdaq shares dragged down Japanese tech names, while Nissan Motor tumbled on news of Chairman Carlos Ghosn’s arrest and dismissal.
Asian stock markets skidded on Tuesday, extending sharp losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency.
South Korea’s biggest budget carrier, Jeju Air , purchased 40 Boeing 737-8 Max planes worth $4.4 billion, the airline said on Tuesday.
Oil prices were stable on Tuesday on expectations that producer club OPEC will soon cut supply to prevent oversupply amid slowing demand growth and a surge in output from the United States.
Shares of Nissan Motor Co fell 6 percent early on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance.
Oil prices edged up on Tuesday as markets expected producer club OPEC to agree to supply cuts at their next meeting on Dec. 6, aimed at preventing oversupply amid slowing demand growth and a surge in output from the United States.
Asian stock markets slipped on Tuesday, extending sharp overnight losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
